The current consolidation trend, with hundreds of smaller schemes throwing in the towel, is merely the start, he said. Berendsen, currently a senior partner at consultant Deloitte, said pension funds with less than €10bn in asset under management were unlikely to survive over the long term.“In addition, pension providers that carry out the administration for less than 100,000 participants lack the scale to keep on investing in new systems,” he said. According to Berendsen, who was involved in the division of the old-style ABP into the current pension fund and its provider APG in 2008, small improvements in the system will merely increase complexity, thereby hindering proper governance at pension funds.“We need to design a couple of basic pension plans, also accommodating the AOW, for the large sectors,” he said. “This way, the AOW could gradually be changed from pay-as-you-go to capital-funded, and would remain affordable despite the population ageing.”Berendsen said he also expected that politics would take the initiative.“The pensions sector is too busy implementing a deluge of new legislation,” he said. “Compare it with the review of the care system – that was also an initiave from politics. Although it took longer than one four-year term of Parliament, it has been completed.”Berendsen recommended a basic scheme that would be mandatory for all working people.“This would also serve the increasing number of self-employed, who are hardly accruing a pension,” he said.“For earnings of more than 150% of the average income, people should take care of a pension themselves.”The big advantage of a simple pension plan is that it is more sustainable than the current system, with its hundreds of different pension arrangements, Berendsen said.“It would cause an enormous drop in costs,” he added. “In the current system, it is very difficult to cut costs further. It would be only possible with the large-scale introduction of standardised schemes.” Average-sized pension funds are destined to disappear in the Netherlands once the smaller ones have been liquidated, according to Ton Berendsen, former member of the executive board at the €309bn civil service scheme ABP and its provider APG.Berendsen predicted only “a handful” of pension funds, including the state pension AOW, would remain, carrying out basic, mandatory pension arrangements.In an interview in financial news daily FD, he argued that the Dutch pension system’s current problems could not be solved with minor improvements.“The system must be changed to tackle problems such as the financing of the AOW, as well as the growing group of self-employed without a pension,” he said.
When does the NHL season start for 2019-20? Hockey fans should brace themselves, because it’s almost here.Preseason action has been exciting, with many players making an impact at training camp and doing what they can to prove their worth to their respective clubs. A lot of teams are also expected to impress after impressive offseasons; Jack Hughes and P.K. Subban are bringing more depth to the New Jersey Devils, the New York Rangers have high-scoring wingers now in Kaapo Kakko and Artemi Panarin, the Florida Panthers have Sergei Bobrovsky between the pipes and the Vancouver Canucks got stronger on defense.Here’s everything you need to know about the NHL’s 2019-20 season openers, including the start date and TV schedules for all 31 teams.MORE: Watch NHL games with fuboTV (7-day free trial)When does the NHL season start?Date: Wednesday, Oct. 2The regular season kicks off on Oct. 2, and the NHL has an exciting slate lined up for opening night.First off, the defending Stanley Cup champion Blues will get to raise their banners against an interesting opponent: the Capitals, who hoisted the Cup just a year prior. It was both team’s first title in franchise history.Washington will be without Evgeny Kuznetsov for their season opener, as he’s serving a three-game suspension for “inappropriate conduct” after testing positive for cocaine during the IIHF World Championship in May. Another playoff rematch is also in the works on opening night with the Golden Knights getting a rematch against the Sharks. In Game 7 of the first round of the 2019 playoffs, the Sharks were down 3-0 halfway through the third period, when Cody Eakin received a controversial major penalty that led San Jose to score four straight power-play goals. Ultimately, they won in overtime, eliminating Vegas, who made the Cup Final in their first season in 2017-18.The Maple Leafs will also see familiar faces in their season opener against the Senators, with former assistant coach D.J. Smith serving as the Ottawa’s bench boss and Ron Hainsey, Tyler Ennis and Nikita Zaitsev suiting up for the Sens.NHL TV schedule for 2019 opening nightTime (ET)MatchupTV channel7 p.m.Senators vs. Maple LeafsSportsnet8 p.m.Capitals vs. BluesNBCSN10 p.m.Canucks vs. OilersSportsnet10:30 p.m.Sharks vs. Golden KnightsNBCSNNHL schedule for 2019-20Here a list of the season openers for all 31 teams as well as start times and TV channels.Anaheim Ducks: Thursday, Oct. 3 vs. Coyotes (10 p.m. ET, PRIME, FS-A, FS-A PLUS)Arizona Coyotes: Thursday, Oct. 3 at Ducks (10 p.m. ET, PRIME, FS-A, FS-A PLUS)Boston Bruins: Thursday, Oct. 3 at Stars (8:30 p.m. ET, FS-SW, NESN)Buffalo Sabres: Thursday, Oct. 3 at Penguins (7 p.m. ET, ATTSN-PT)Calgary Flames: Wednesday, Oct. 3 at Avalanche (9 p.m., ALT, SNW)Carolina Hurricanes: Thursday, Oct. 3 vs. Canadiens (7 p.m. ET, TSN2, RDS)Chicago Blackhawks: Friday, Oct. 4 at Flyers (2 p.m. ET, NBCSP)Colorado Avalanche: Thursday, Oct. 3 vs. Flames (9 p.m., ALT, SNW)Columbus Blue Jackets: Friday, Oct. 4 vs. Maple Leafs (7 p.m. ET, TSN4)Dallas Stars: Thursday, Oct. 3 vs. Bruins (8:30 p.m. ET, FS-SW, NESN)Detroit Red Wings: Saturday, Oct. 5 at Predators (8 p.m. ET, FS-D)Edmonton Oilers: Wednesday, Oct. 2 vs. Canucks (10 p.m. ET, SN)Florida Panthers: Thursday, Oct. 3 at Lightning (7 p.m. ET, SUN, FS-F)Los Angeles Kings: Saturday, Oct. 5 at Oilers (10 p.m. ET, HNIC, FS-W)Minnesota Wild: Thursday, Oct. 3 at Predators (8 p.m. ET, NBCSN)Montreal Canadiens: Thursday, Oct. 3 at Hurricanes (7 p.m. ET, TSN2, RDS)Nashville Predators: Thursday, Oct. 2 vs. Wild (8 p.m. ET, NBCSN)New Jersey Devils: Friday, Oct. 4 vs. Jets (7 p.m. ET, TSN3)New York Islanders: Friday, Oct. 4 vs. Capitals (7 p.m. ET, NBCSWA)New York Rangers: Thursday, Oct. 4 vs. Jets (7 p.m. ET, MSG, TSN3)Ottawa Senators: Wednesday, Oct. 2 at Maple Leafs (7 p.m. ET, SN)Philadelphia Flyers: Friday, Oct. 4 vs. Blackhawks (2 p.m. ET, NBCSP)Pittsburgh Penguins: Thursday, Oct. 3 vs. Sabres (7 p.m. ET, ATTSN-PT)St. Louis Blues: Wednesday, Oct. 2 vs. Capitals (8 p.m. ET, NBCSN)San Jose Sharks: Wednesday, Oct. 2 at Golden Knights (10:30 p.m. ET, NBCSN)Tampa Bay Lightning: Thursday, Oct. 3 vs. Panthers (7 p.m. ET, SUN, FS-F)Toronto Maple Leafs: Wednesday, Oct. 2 vs. Senators (7 p.m. ET, SN)Vancouver Canucks: Wednesday, Oct. 2 at Oilers (10 p.m. ET, SN)Vegas Golden Knights: Wednesday, Oct. 2 vs. Sharks (10:30 p.m. ET, NBCSN)Washington Capitals: Wednesday, Oct. 2 at Blues (8 p.m. ET, NBCSN)Winnipeg Jets: Thursday, Oct. 3 at Rangers (7 p.m. ET, MSG, TSN3)